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Japan's Mitsui OSK, Others to Buy Stake in Taiwan's Formosa-1 Offshore Wind Farm

Mar 04, 2022

Japan's Mitsui OSK Lines, Toho Gas, and Hokuriku Electric Power will buy a stake of 25% in Formosa International Investment from Australia's Macquarie Group to enter Taiwan's offshore wind power business.The Japanese firms said the deal takes them into the overseas offshore wind power market…

Petronas, MOL Sign Liquefied CO2 Shipping MoU

Feb 09, 2022

Malaysia's state energy firm Petronas said on Wednesday it has signed an agreement with Japanese shipping company Mitsui O.S.K Lines (MOL) to explore opportunities in liquefied carbon dioxide (CO2) shipping in Asia Pacific and Oceania regions…

Sapura Energy Terminates Offshore Wind Installation Deal in Taiwan

Feb 07, 2022

Malaysian company Sapura Energy has issued a termination notice to Yunneng Wind Power in relation to a contract for the transportation and installation of monopiles at the Yunlin offshore wind farm in Taiwan, over an alleged breach of contract…

Strategic Marine Acquires New Shipyard in Singapore

Feb 04, 2022

Strategic Marine announced it has completed the acquisition of a significantly larger shipbuilding facility in Singapore in a move intended to boost the company's shipbuilding capacity and product range.Strategic Marine has acquired the fixed…

DOF Subsea Bags Three-year MPSV Charter with Exxon in Australia

Feb 04, 2022

ExxonMobil has awarded a long-term contract to offshore vessel owner DOF Subsea for the provisions of multi-purpose supply vessel services in Australia.The contract is for three years firm plus two one-year extension options. Under the contract…

Strategic Shift: POSH Focuses on Floating Wind, Divests Taiwan-based JV

Jan 28, 2022

PACC Offshore Services Holdings (“POSH”), a Singapore-based offshore marine services provider, said Friday it would be will be shifting its push into renewables away from operational support in the fixed wind market into the development of the fast-growing floating wind market…

Blue Petra Orders Fast Crew Boat from Strategic Marine

Jan 24, 2022

Strategic Marine, a Singapore-based shipbuilder, has received an order for the construction of a 40-meter Fast Crew Boat from Blue Petra Sdn Bhd, a subsidiary of Great Ocean Supply & Services, based in Malaysia.Great Ocean is a licensed Petronas…

Bumi Armada to Sell Three Ice-class Vessels to Lukoil for $44.5M

Jan 20, 2022

Malaysian FPSO specialist and offshore support vessel owner Bumi Armada has decided to sell its icebreaking vessels operating in the Caspian Sea for Lukoil, in line with its plan to exit the offshore marine service business.Bumi Armada said…

Heerema to Install Six Large Jackets at Saudi Aramco's Marjan Field

Jan 20, 2022

Dutch offshore installation company Heerema Marine Contractors has won a contract with McDermott to transport and install six large jackets within Package-1 of Saudi Aramco’s Marjan Increment program.The Marjan oil and gas field is located in the Arabian Gulf off the eastern coast of Saudi Arabia…

Bumi Armada Winds Up Dormant Subsidiaries

Jan 14, 2022

Bumi Armada, a Malaysian offshore service firm and FPSO provider, has decided to wind up its two dormant subsidiaries.The company said that its subsidiaries Offshore Marine Ventures Sdn Bhd and Bumi Armada Ship Management Sdn Bhd, had approved…

Saipem Wins $1.1B in Offshore Contracts in Guyana and Australia

Jan 11, 2022

Italian offshore oilfield services company Saipem has won $1.1 billion worth of offshore contracts in Australia and Guyana with Woodside and ExxonMobil, respectively.In Australia, Woodside has granted Saipem the Notice to Proceed (NTP) for a contract related to the Scarborough project…

Abu Dhabi's Offshore Service Firm ZMI Secures up to $500M Financing Facility

Jan 11, 2022

Abu Dhabi's offshore marine services company ZMI Holdings said on Tuesday it had signed and closed a new senior secured financing facility of up to $500 million.It will help ZMI invest further in its growth markets, and provide committed and…

Fred. Olsen Windcarrier Reels In $90,5M in New Contracts

Jan 05, 2022

Offshore wind installation firm Fred. Olsen Windcarrier (FOWIC) said Tuesday it had recently executed three new contracts and reservation agreements with combined revenue of up to 80 million euros (~$90,5 million).The contracts, with undisclosed clients…

Siem Offshore PSV Duo Wins Long-term Work in Australia

Dec 21, 2021

Norwegian offshore vessel operator Siem Offshore said Tuesday it had entered into a contract with an undisclosed 'long-term client' in Australia for two platform supply vessels.The contract is for the PSV's “Siem Pilot” and “Siem Thiima”. The…

GC Rieber Sells Polar Onyx Vessel to Taiwanese Offshore Wind Venture

Dec 20, 2021

Oslo-listed GC Rieber Shipping has agreed to sell its SURF / Construction Vessel Polar Onyx to Taiwan-based offshore wind service conglomerate Dong Fang Offshore and Hung Hua Construction.The delivery of the vessel, built at Ulstein Verft in 2014…

Current News

More Than Two Dozen Missing after Ship Snaps in Two, Sinks Off Hong Kong

More Than Two Dozen Missing after Ship Snaps in Two, Sinks Off Hong Kong

Russia's Control of Sakhalin Project Could Pose Upside Risk to LNG Prices

Russia's Control of Sakhalin Project Could Pose Upside Risk to LNG Prices

Portugal's EDP to Scale Up Offshore Solar Plants in Southeast Asia

Portugal's EDP to Scale Up Offshore Solar Plants in Southeast Asia

India Imposes A Windfall Tax On Oil Producers and Export Duties For Oil Products

India Imposes A Windfall Tax On Oil Producers and Export Duties For Oil Products

Russia to Replace Sakhalin-2 Project Operator with New Firm

Russia to Replace Sakhalin-2 Project Operator with New Firm

State Agency Wants Net-zero Carbon Emissions from Australia's Giant LNG Plant

State Agency Wants Net-zero Carbon Emissions from Australia's Giant LNG Plant

Gazprom Cancels Dividend for First Time Since 1998. Shares Drop

Gazprom Cancels Dividend for First Time Since 1998. Shares Drop
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